Global Railway Friction Material Market Research Report 2023(Status and Outlook)

Global Railway Friction Material Market Research Report 2023(Status and Outlook)

Report Overview

Rail traffic friction pairs are composed of pantograph sliders and brake pads. Carbon sliders are the key components of pantographs. The quality of the pantograph directly affects the power supply and safety of the entire train. The brake pad, together with the brake disc, generates that enables the deceleration or stopping of the high-speed train. The performance of the brake pad directly affects the braking performance, the service life of the brake disc, the brake pad itself and the safe operation of the train.

In 2019, Europe was the biggest provider of rail traffic friction pairs around world and was followed by North America and China. The global market size of the product is estimated to reduce by 10.08% from 2019 to 2020.

Rail traffic friction pairs are classified into two parts, the brake pad and the oantograph slider. Schunk Carbon Technology is the most important player in the former field and Knorr-Bremse in the latter.

Rail traffic friction pairs are widely used in the operation of the high-speed locomotive such as electric locomotive, EMU, subway/light rail, railway wagon, etc.

The Global Railway Friction Material Market Size was estimated at USD 2100.40 million in 2022 and is projected to reach USD 2745.43 million by 2029, exhibiting a CAGR of 3.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Railway Friction Material market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Railway Friction Material Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Railway Friction Material market in any manner.

Global Railway Friction Material Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Knorr-Bremse

Wabtec Corporation

Tianyi Group

Akebono Brake Industry

Bremskerl

Tribo

Escorts Group

PURAN

CRRC Qishuyan Locomotive Co., Ltd.

Flertex

Beijing Railway Star Fortune High-Tech Co.,Ltd

BOSUN

Guangdong Huatie Tongda High-speed Railway Equipment Corporation

Youcaitec Material Co., Ltd.

JiLing Dongbang

Schunk Carbon Technology

Morgan Advanced Materials

Yiyang Group

Mersen

Vanguard Tech

LiaoNing HongDe Electrical Carbon Products Co., LTD,

Doneka

Market Segmentation (by Type)

Railway Brake Pads

Railway Pantograph Strips

Market Segmentation (by Application)

Mining and Quarry Industry

Waterwell Drilling

Construction

Oil & Gas Industry

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Railway Friction Material Market

Overview of the regional outlook of the Railway Friction Material Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors